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NEW  YORK 
UNIVERSITY 

ANNOUNCEMENT 


Vol.  I April  30,  1914  No.  10 


SUMMER  SCHOOL,  1914 

COURSES  ACCEPTED  FOR  CREDIT 

IN  THE 

SCHOOL  OF  COMMERCE 
ACCOUNTS  AND  FINANCE 

JULY  1 TO  AUGUST  12,  1914 


Published  Twice  a Month,  December- April.  Office  of  Publication : 
5 Depot  Street,  Concord,  N.  H.  Editorial  Office:  University  Build- 
ing, Washington  Square  East,  New  York.  Application  for  entry 
pending  at  the  Concord,  N.  H.,  Post  Office  as  second-class  matter 
under  the  Act  of  August  24,  1912 

the  ueaaa?  onus  ' 

JUN  9-1937 


UNiYERSITO  OF  ^LUNOSS 


The  Summer  School 


3 


NEW  YORK  UNIVERSITY 

SUMMER  COURSES  IN  COMMERCE 
1914 

FACULTY 

Elmer  Ellsworth  Brown,  Ph.D.,  LL.D.,  Chancellor 

James  E.  Lough,  Ph.D.,  Pd.D.,  Director  of  the  Summer  School 


William  H.  Allen,  Ph.D.  Municipal  Research 

(Director,  Bureau  of  Municipal  Research,  New  York  City) 

Louis  O.  Bergh,  B.A.,  LL.B.  Business  Law 

(Instructor  in  Public  Speaking  and  Assistant  in  the  Law  of 
Commerce) 

Benjamin  P.  DeWitt,  M.A.  Political  Science 

(Secretary  to  the  Chancellor,  New  York  University) 

W.  W.  Douglas,  B.C.S.,  C.P.A.  Accounting 

(Assistant  Professor  of  Accounting,  New  York  University) 

Major  B.  Foster,  B.A.  Finance 

(Instructor  in  Finance,  New  York  University) 

Edward  R.  Hardy,  Ph.B.  Insurance 

(Lecturer  on  Insurance,  New  York  University) 


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New  York  University 


William  B.  Johnson,  B.C.S.,  C.P.A.  Accounting 

(Instructor  in  Accounting,  New  York  University) 

E.  J.  Kilduff,  B.A.  Business  English 

(Instructor  in  Business  English,  New  York  University) 

J.  Melvin  Lee,  B.A.  Journalism 

(Director  of  the  Department  of  Journalism,  New  York  University) 

Milton  E.  Loomis,  B.A.  Political  Science 

(Instructor  in  Municipal  Government,  New  York  University) 

John  T.  Madden,  B.C.S.,  C.P.A.  Political  Science 

(Assistant  Professor  of  Accounting,  New  York  University) 

Arthur  H.  Rosenkampff,  B.C.S.  Bookkeeping 

(Instructor  in  Accounting,  New  York  University) 

J.  Edmund  Woodman,  D.S.  Geography 

(Professor  of  Geology  and  Geography,  New  York  University) 


The  Summer  School 


5 


GENERAL  STATEMENT 

New  York  University  offers  in  its  Summer  School  for  1914  more 
than  175  courses,  most  of  which  are  equivalents  of  courses  given 
in  the  degree  giving  schools  of  the  University  and  are  accepted 
for  credit  in  those  schools  where  the  student  has  met  the  require- 
ments for  entrance.  The  courses  announced  in  this  circular  are 
credited  in  the  School  of  Commerce,  Accounts  and  Finance  towards 
the  degree  of  Bachelor  of  Commercial  Science  (B.C.S.). 

ADMISSION  REQUIREMENTS 

Men  and  women  who  are  graduates  of  high  schools  giving  an 
approved  four  year  course,  or  who  possess  the  professional  student’s 
qualifying  certificate  of  the  Regents  of  the  State  of  New  York,  or  an 
equivalent,  will  be  admitted  as  regular  students  to  the  School  of 
Commerce,  Accounts  and  Finance. 

Others  who  do  not  possess  these  educational  qualifications  but 
who  are  twenty-one  years  of  age  and  have  had  two  years  of  satis- 
factory business  experience  will  be  admitted  as  special  students, 
not  candidates  for  the  degree. 

No  student  will  be  allowed  to  take  any  of  the  regular  accounting 
courses  (S 2-5)  until  they  have  taken  an  examination  in  Book- 
keeping (Si).  All  regular  students  are  also  required  to  take  an 
entrance  examination  in  English  upon  matriculating  in  the  School 
of  Commerce. 

The  degree  of  B.C.S.  is  granted  upon  the  completion  of  three 
years  of  study,  each  year  consisting  of  ten  hours’  instruction  per 
week,  or  two  years  where  each  year  includes  twenty  hours  instruc- 
tion per  week. 


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New  York  University 


TUITION 

The  tuition  charge  in  the  Summer  School  is  at  the  rate  of  $10 
per  hour  for  each  course  taken,  except  that  where  only  one  hour  is 
chosen  the  fee  is  $15.  The  only  exception  to  this  charge  is  in  the 
Department  of  Accounting  where  the  charge  for  instruction  is 
$25  for  each  two-hour  course. 

COURSES  OF  INSTRUCTION 


Accounting 

Sia.  Bookkeeping  Practice 


Washington  Square,  C5 
5-7 


Mr.  Rosenkampff 

The  purpose  of  the  course  is  to  prepare  the  student  for  admission  to  the 
university  accounting  courses,  and  everything  which  is  not  strictly  within 
the  domain  of  bookkeeping  is  excluded.  The  course  covers,  in  a gradual 
and  rational  way,  all  transactions  which  are  likely  to  occur  in  the  conduct 
of  a business.  Special  attention  is  paid  to  journalizing,  the  stumbling-block 
of  so  many  bookkeepers.  The  aim  is  to  so  train  the  student  that  he  will  be 
able  to  express,  in  journal  entry  form,  any  bookkeeping  facts  which  may  be 
presented  to  him. 

The  course  adopts,  as  a starting  point,  the  single  entry  system  of  book- 
keeping; events  and  transactions  are  so  arranged  as  to  impress  upon  the 
student  the  inadequacy  of  the  system  when  applied  to  an  active  modern 
business.  Double  entry  is  then  introduced.  The  evolution  of  the  original 
journal  into  the  modern  journals,  such  as  cash,  sales,  purchases,  notes  and 
bills  receivable  and  payable,  is  impressed  upon  the  student  through  the  means 
of  practical  illustrations,  showing  the  necessity  for  the  improvements  made. 
Controlling  accounts  are  brought  into  play,  illustrating  the  functions  of 
underlying  ledgers.  The  books  used  in  the  course  are  so  arranged  as  to  lead 
the  student  to  the  clear  comprehension  of  their  purpose,  and  to  the  mastery 
of  modern  methods. 

Credit  2 hours . 

(Credit  will  not  be  allowed  for  this  course  to  students  who  take  more  than 
120  hours  in  accounting.) 


The  Summer  School 


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S2.  Principles  of  Accounting 

Mr.  Johnson 


Washington  Square,  C 5 
7-9 


The  aim  of  this  course  is  to  give  the  student  a thorough  foundation  in  the 
fundamental  principles  of  accounting.  Practice  is  regarded  as  most  essential, 
and  students  are  required  to  work  out  a complete  series  of  transactions  in 
books  of  account  provided  for  the  purpose,  which  are  identical  with  those 
used  in  business.  The  subject-matter  is  analyzed  and  discussed  and  the 
method  of  treatment  demonstrated  by  the  instructor. 

The  transactions  are  founded  on  cases  taken  from  actual  practice.  They 
begin  with  the  accounts  of  the  sole  proprietor  whose  books  are  kept  by  single 
entry;  following  this  the  change  is  made  from  single  to  double  entry;  the 
books  are  subsequently  changed  from  a cash  basis  to  an  accrual  basis:  the 
sole  proprietor  from  simple  trading  goes  into  manufacturing;  he  takes  in  a 
special  partner  who  later  becomes  a general  partner;  a participation  in  the 
profits  is  sold  to  a third  party;  the  original  proprietor  retires;  his  place  is 
taken  by  a new  partner;  the  other  partner  dies;  the  remaining  partner  incor- 
porates; the  business  of  the  copartnership  is  taken  over  by  the  corporation; 
good  will  is  involved  in  the  transaction;  new  and  up-to-date  methods  are  in- 
troduced; goods  are  shipped  and  likewise  received  on  consignment;  new 
capital  is  secured  by  an  issue  of  bonds;  the  bonds  contain  a sinking  fund 
clause  which  provides  for  their  redemption;  the  corporation  subsequently 
gets  into  financial  difficulties;  a receiver  is  appointed  and  the  company  is 
liquidated.  The  work  throughout  is  interspersed  with  the  preparation  of 
financial  statements. 

Credit  £ hours. 


S3.  Accounting  Practice 


Washington  Square,  C4 
5-7 


Assistant  Professor  Douglas 

The  work  of  this  course  is  based  on  practical  problems  in  accounting, 
illustrating  in  greater  detail  the  principles  taught  in  course  S2.  The  prob- 
lems are  divided  into  two  groups,  those  for  demonstration  and  those  for 
practice.  The  demonstration  problems  are  used  in  the  class-room,  while 


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New  York  University 


students  are  required  to  work  out  independently  the  practice  problems 
and  submit  them  for  review  and  criticism.  Special  attention  is  given  to 
the  method  of  solving  problems  which  cover  such  topics  as  sole  proprietor- 
ships, copartnerships,  corporations,  consolidations  and  holding  companies. 

Corporation  problems  cover  organization,  receiverships,  reorganization 
and  sale  to  other  corporations;  the  capital  stock  accounts  such  as  preferred, 
common,  cumulative,  subscriptions,  treasury  and  scrip;  the  various  capital 
assets  and  investments,  working  and  trading  assets,  deferred  assets,  sinking 
funds;  bonds  and  debentures,  current  liabilities,  reserves  and  deferred 
liabilities;  also  all  the  phases  peculiar  to  the  various  accounts,  such  as  the 
depreciation  of  property  and  plant  accounts;  the  proper  valuation  of  raw 
material,  goods  in  process,  finished  goods,  securities  and  investments  in 
general;  the  unexpired  proportion  of  the  expenses  paid  in  advance;  the 
accrual  of  taxes,  interest,  rent,  etc. 

Special  attention  is  given  to  the  preparation  of  balance  sheets,  statements 
of  income  and  profit  and  loss,  realization  and  liquidation,  and  statements 
of  affairs  and  deficiency. 

Credit  2 hours. 


S5- 


Theory  of  Accounting 


Washington  Square,  C4 
7-9 


Assistant  Professor  Madden 


This  course  is  so  arranged  as  to  develop  the  subject  logically  and  make 
clear  to  the  student  not  only  the  relation  of  the  various  topics  of  this  sub- 
ject, but  the  relation  of  accounting  to  allied  subjects,  such  as  economics, 
law,  finance,  and  business  organization. 

The  lecture  work  is  supplemented  by  frequent  quizzes,  both  oral  and 
written,  bearing  on  prior  lectures.  Accounting  is  shown  to  be  a science 
rather  than  an  art.  Books  are  discussed  with  regard  to  the  reasons  for 
keeping  them,  the  desirability  for  having  adequate  and  proper  media  in 
which  to  record  the  transactions  incident  to  business  operations;  books  which 
will  gather  together  and  summarize  comprehensively  the  data  necessary  to 
set  forth  the  history  of  business  operations  and  the  results  of  such  operations 
as  are  reflected  by  statements  of  financial  condition;  the  different  types  of 


The  Summer  School 


9 


books;  evolution  of  the  modern  types;  columnar ization.  Accounts  are 
classified  and  so  arranged  in  the  books  as  to  facilitate  the  preparation  of 
financial  statements;  the  purpose  which  controlling  accounts  serve;  what  real 
accounts  reflect;  while  nominal  accounts  are  necessary;  the  grouping  of 
accounts.  Accounting  technique  is  discussed  including  the  various  methods 
of  keeping  books  and  the  manner  of  keeping  the  accounts  in  accordance  with 
the  ethics  of  accounting.  The  various  theories  on  which  accounting  is 
based,  the  effect  of  common  as  well  as  statute  law  upon  accounting,  the 
requirements  which  modern  financial  methods  have  made  necessary,  and  the 
manner  in  which  the  accounting  is  co-ordinated  with  business  organization 
are  discussed. 

Credit  2 hours. 

English 


S9. 


English.  Argumentation  and  Public  Speaking.  Washington  Square,  Cl 

7-9 


Mr.  Bergh 


This  course  stimulates  clear  and  original  thinking  and  imparts  the  power 
of  effective  oral  presentation.  In  Public  Speaking,  the  subjects  consid- 
ered are  speech-composition,  persuasion  and  forms  of  public  address.  Each 
student  delivers  before  the  class  a series  of  speeches,  some  prepared  and 
some  extemporaneous.  He  receives  individual  training  and  criticism.  He  is 
given  practical  instruction  in  the  use  and  development  of  the  voice,  in  ges- 
ture and  in  position.  In  Argumentation,  the  class  studies  analysis,  evidence, 
methods  of  research,  brief-drawing,  processes  of  argument,  and  refutation. 
The  theory,  thus  acquired,  is  applied  in  a series  of  class  debates.  Among 
the  special  topics  which  the  student  studies  and  then  applies  in  his  speech 
are  the  following: 

Cultivating  the  Imagination,  Presenting  Facts,  Use  of  Illustrations,  Story- 
Telling,  Persuasion  for  the  Business  Man  (Selling  Talks),  Persuasion  for  the 
Lawyer  (Speeches  to  Jury),  Irony  and  Invective  (Speeches  of  Indignation), 
Impressiveness  (Patriotic  Addresses),  Addresses  of  Welcome  and  Introduc- 
tions, After-Dinner  Speaking. 

Credit  2 hours. 


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New  York  University 


Sio.  Business  English 


Mr.  Kilduff 


Washington  Square,  C2 
6-7.45 


The  main  object  of  this  course  is  to  drill  students  in  the  use  of  correct  and 
forceful  English  for  business  purposes.  Lectures  deal  with  the  general 
principles  of  effective  expression  and  impression  and  with  their  application 
to  the  types  of  composition  most  frequently  used  in  business.  Sales  letter 
work  and  the  general  problem  of  selling  by  mail  receive  special  attention. 
A great  deal  of  practice  is  given  in  the  actual  work  of  composition  in  the 
forms  of  business  letters,  articles,  reports,  arguments  and  the  like.  These 
are  reviewed  and  criticised  in  class  and  in  individual  conferences. 

Credit  2 hours . 


Finance 

Si.  Money  and  Banking 


Mr.  Foster 


University  Heights 
Hall  of  Philosophy,  22 
10.30-11.30 


A practical  study  of  the  principles  of  money  and  banking  will  be  made. 
Among  the  topics  to  be  considered  are — the  nature  and  uses  of  money  and 
credit;  their  relation  to  prices;  the  functions  of  a bank;  the  money  market; 
domestic  and  foreign  exchange;  history  of  banking  in  the  United  States; 
banking  in  other  countries;  banking  reform  in  the  United  States. 

Credit  1 hour. 


S2.  Principles  of  Insurance 


Mr.  Hardy 


Washington  Square,  C3 
7-9 


The  aim  of  this  course  will  be  to  present  the  underlying  principles  of  the 
four  great  divisions  of  insurance,  namely:  Marine,  Fire,  Life  and  Casualty. 
While  the  main  emphasis  will  be  devoted  to  the  underlying  principles,  suffi- 
cient detail  will  be  given  to  illustrate  the  practical  working  of  the  business. 
Especial  emphasis  will  be  placed  on  the  modern  development  of  insurance 
commonly  embraced  under  the  heading  Social  Insurance,  with  a very  full 
development  of  workmen’s  compensation. 

Credit  2 hours. 


The  Summer  School 


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S3.  Public  Finance  University  Heights 

Hall  of  Philosophy,  31 
9.30-10.30 

Mr.  Foster 

A study  will  be  made  of  the  principles  of  taxation,  public  expenditure, 
public  debt,  and  financial  administration  in  the  light  of  American  experience. 
For  purposes  of  illustration,  special  emphasis  will  be  laid  upon  the  financing 
of  the  Civil  War  and  upon  recent  financial  legislation. 

Credit  1 hour. 


S4.  Business  Law 


Washington  Square,  Cl 
5-7 


Prof.  Bacon  and  Mr.  Bergh 


Sales,  Mortgages  and  Bankruptcy.  The  course  treats  of  shipments 
and  of  the  management  of  personal  property,  and  considers  not  only 
mortgages  of  real  estate,  but  also  of  personal  property.  In  addition  to 
bankruptcy,  the  course  includes  a study  of  wills  and  of  the  duties  of  execu- 
tors and  administrators. 


Geography 

S5.  Principles  of  Economic  Geography  (Lecture)  University  Heights 

Hall  of  Philosophy,  32 
10.30-12.30 

Professor  Woodman 

The  general  theme  of  this  course  is  the  dependence  of  mankind  upon  the 
earth’s  history,  and  the  physiographic  features  upon  which  that  dependence 
rests.  Reference  is  made  especially  to  Physical  and  Commercial  Geography 
by  Gregory,  Keller  and  Bishop;  to  Commercial  Geography , by  Robinson, 
and  to  Industrial  and  Commercial  Geography  by  Smith.  Reference  is  made 
frequently  also  to  original  literature,  which  will  be  at  hand  in  the  College 
library. 

Credit  2 hours . 


12 


New  York  University 


S7.  Economic  Geography  of  Europe  (Lecture)  University  Heights 

Politics  Seminar  Room 

8.30-9.30 

Professor  Woodman 

The  physical  conditions  determining  the  economic  history  of  Europe  are 
first  considered;  then  resources — mineral,  vegetable  and  animal,  and  the 
industries  arising  directly  or  indirectly  from  them;  power,  transportation, 
the  colonial  policy  are  treated  in  turn;  and  finally  the  commercial  relations 
between  the  United  States  and  European  countries,  so  far  as  affected  by 
geographic  factors. 

Credit  1 hour . 


Si.  Short  Stories 


Journalism 

University  Heights 
Politics  Seminar  Room 

10.30-11.30 

Mr.  Lee 


This  course  aims  to  give  instruction  and  practice  in  the  writing  of  short 
stories.  Lectures  and  discussions  deal  with  the  history  and  the  technique 
of  the  short  story.  Various  types  of  stories  will  be  studied,  first,  from  the 
viewpoint  of  the  author,  and  second,  from  that  of  the  editor.  Special 
attention  will  be  paid  to  the  kind  of  fiction  demanded  by  the  modern  maga- 
zine. 

Credit  1 hour. 


S2.  Writing  for  the  Press  University  Heights 

Politics  Seminar  Room 

11.30-12.30 

Mr.  Lee 


This  course  deals  with  the  preparation  of  copy  for  the  daily  and  weekly 
newspapers.  It  will  also  consider  the  various  problems  connected  with 
the  writing  for  the  magazines,  the  supplements  of  the  newspapers,  the  lit- 
erary weeklies,  etc.  It  is  a course  in  practical  authorship. 

Credit  1 hour. 


The  Summer  School 


13 


Political  Science 

Si.  General  Economics  University  Heights 

Hall  of  Philosophy,  25 

8.30-9.30 

Mr.  Foster 


The  purpose  of  this  course  is  to  give  an  understanding  of  the  fundamental 
principles  of  economics.  These  principles  will  be  discussed  in  their  relation 
to  modern  business  practice. 

Lectures  and  class  discussion.  Text  and  collateral  reading. 

Credit  1 hour. 


S2.  Principles  of  Politics  University  Heights 

Hall  of  Philosophy,  24 

9.30-10.30 

Mr.  Loomis 


In  this  course  the  fundamental  principles  of  political  action  will  be  con- 
sidered, including  a discussion  of  the  relations  of  citizen  to  state  and  govern- 
ment. The  principles  will  be  illustrated  from  the  practical  aspects  of 
politics  in  the  United  States  and  abroad. 

Lectures  and  class  discussion.  Text  and  collateral  reading. 

Credit  1 hour. 


S3.  Economic  Problems  of  Government  University  Heights 

Hall  of  Philosophy,  24 

10.30-11.30 

Mr.  Loomis 

This  course  will  involve  a discussion  of  some  of  the  important  problems 
of  government,  both  federal  and  state,  as  it  comes  in  direct  contact  with 
business.  Five  discussion  hours  (one  week)  will  be  devoted  to  the  con- 
sideration of  each  of  the  following  topics:  1.  General  Principles  involved  in 
the  relation  of  the  Government  to  Business.  2.  The  Regulation  of  Railroads. 
3.  The  Regulation  of  Corporations.  4.  The  Regulation  of  Insurance.  5. 
The  Regulation  of  Labor  and  Labor  Conditions.  6.  The  Regulation  of 
Immigration. 


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New  York  University 


The  course  will  be  conducted  with  special  reference  to  teachers  and  ad- 
vanced students  of  economics.  Class  reports  and  discussion.  Collateral 
reading. 

Credit  1 hour. 


S4.  Current  International  Problems  of  the  United  University  Heights 
States  Hall  of  Philosophy,  24 

8.30-9.30 

Mr.  Loomis 


A discussion  of  the  international  political  problems  growing  out  of  the  rela- 
tions of  the  United  States  with  Mexico  during  the  recent  revolution;  the 
Far  Eastern  question;  the  problems  in  connection  with  the  Panama  Canal; 
and  the  international  situation  in  the  Balkan  Peninsula. 

Credit  1 hour. 


S5.  American  Politics  University  Heights 

Hall  of  Philosophy,  24 
11.30-12.30 

Mr.  Loomis 


The  course  will  be  devoted  to  the  study  and  discussion  of  the  present-day 
problems  of  politics  confronting  the  American  people,  including  the  question 
of  the  extension  of  suffrage  to  women,  the  problem  of  direct  legislation 
through  the  popular  initiative  and  referendum,  the  popular  recall,  the  rela- 
tion of  the  courts  to  the  people,  and  the  short  ballot  movement. 

Credit  1 hour. 


S6.  New  Tendencies  in  Government 

Mr.  DeWitt 


Washington  Square,  C2 
4-6 


The  aim  of  this  course  is  to  give  to  the  student  a clear  understanding  of  the 
broad  outlines  of  the  changes  that  are  now  taking  place  in  the  political 
divisions  of  the  country.  Changes  in  the  nation,  state,  and  city  will  be 
treated  in  turn,  such  as : Presidential  preference  primaries,  commission  gov- 
ernment, city  manager  plan,  workmen’s  compensation,  minimum  wage* 
and  mothers’  pensions. 

Credit  2 hours. 


The  Summer  School 


15 


S7.  Municipal  Research  Field  Course 

Dr.  Allen 

To  students  specially  qualified,  an  opportunity  is  offered  for  field  work  in 
City  Government  in  connection  with  the  Bureau  of  Municipal  Research 
at  261  Broadway.  The  following  list  will  serve  to  indicate  the  wide  range 
of  subjects  available  for  field  study:  Dietaries  of  public  institutions;  Use  of 
city  problems  in  teaching  chemistry,  analysis  of  coal,  clog  materials,  foods; 
Infant  Hygiene  work;  Tests  for  work  certificates;  Budget-making;  Play- 
ground and  recreation  supervision;  Cost  Accounting;  Inspection;  Audit; 
Municipal  reporting;  Analysis,  criticism  and  preparation  of  school  reports; 
Tests  of  classroom  efficiency;  Test  of  school  administration;  City  surveys 
and  surveys  of  special  departments;  Governmental  policy;  Clearing  house 
for  feeble-minded.  The  problem  taken  up  by  each  student  will  be  deter- 
mined after  consultation.  The  course  will  consist  of  field  work,  conferences 
and  reports. 

Credit  1 or  2 hours. 


3 


12  105659087 


16 


New  York  University 


NOTICE 

The  general  bulletin  of  the  Summer  School  (96  pages)  giving  full  infor- 
mation regarding  all  the  courses  offered,  residence,  faculty,  etc.,  is  now 
ready  for  distribution. 

In  addition,  the  following  separate  departmental  announcements  for  the 
Summer  School  of  1914  have  been  published: 

Department  of  Art. 

Department  of  Music. 

Education  of  Defective  Children. 

Kindergarten  Education. 

Domestic  Art  and  Home  Economics. 

Residence  at  University  Heights. 

Copies  of  these  publications  may  be  secured  by  addressing  ?the 
Director,  Professor  James  E.  Lough,  New  York  University,  Washington 
Square,  New  York  City 


THE  LIBRARY  OF  THE 

JUN  9-1937 


ijmvERsrrY  of  slinks 


